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State Budget

The Debt Circus is Still in Town

Tuesday, September 9, 2003

Rocketing BBM subsidies drove 2003 deficits up. To compensate, the government is yet again issuing promissory notes.

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YEAR 2004 will not be easier, on this it seems everyone agrees. The ending of the cooperation with the International Monetary Fund (IMF) is only one of a series of causes. The others, declining investments, weakening competitive power, recurring bomb explosions, and a general election which some people are worried will not only trigger conflicts, but also cost a lot of money. In brief, Indonesia will face a tough trial next year, both politic

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